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As of 2019, the CEO of
Luminor was Peter Bosek and the chairman of the supervisory board was Nils Melngailis. As of 2018, Luminor had 3,000 employees. In February 2019, the bank announced that, due to consolidation, it would reduce its staff by 130 employees in Estonia, 250 employees in Latvia,
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owned stakes of 20 percent each. Blackstone and Nordea have agreed that
Blackstone would also purchase Nordea's remaining 20% in Luminor. In December 2021 Blackstone acquired 8.4% of Nordea’s shares and in September 2022 bought the remaining 11.6%.
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Originally, Nordea owned 56.5% and DNB owned 43.5% of
Luminor. In September 2018, it was announced that 60 percent of Luminor's shares would be sold to a consortium led by
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257:. Luminor took over 930,000 of DNB's former customers and 350,000 of Nordea former customers. The merger was completed on 1 January 2019.
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and 420 employees in
Lithuania. The bank also closed 26 of their 61 customer service centers in the Baltic states in 2019.
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292:. In 2019, with 12.9 billion EUR, Luminor issued the highest total amount of loans in Estonia.
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Luminor has been designated in 2017 as a
Significant Institution under the criteria of
531:"U.S. investment company Blackstone becomes owner of 80.05% of Luminor Holding shares"
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Luminor was founded in August 2017 on the basis of the Baltic operations of
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Jan-Henrik
Foerster, Sonia Sirletti, & Swetha Gopinath (25 June 2024).
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in
January 2019, and completed in September 2019. After the transaction,
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556:"Luminor Bank to cut number of customer service centers in Baltics"
333:"Luminor merger complete, nothing to change for clients, says bank"
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504:"Blackstone closes €1 billion acquisition of Baltic bank Luminor"
474:"Blackstone to acquire €1 billion majority stake in Luminor"
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Banks under direct supervision of the
European Central Bank
437:"UniCredit Competing With OTP to Buy Blackstone's Luminor"
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375:"European Commission clears Blackstone to buy Luminor"
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were bidding to acquire control of
Luminor from the
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225:. As of 2019 it was the third-largest bank in the
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453:: CS1 maint: multiple names: authors list (
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601:"Swedbank has most deposits, Luminor loans"
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264:. The transaction was approved by the
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149:over €15 billion (2018)
64:in Estonia, Latvia, and Lithuania
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684:2019 mergers and acquisitions
580:"List of supervised entities"
410:Shah, Shakhil (2019-02-06).
286:European Banking Supervision
634:Official Lithuanian website
209:is a bank headquartered in
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644:Bank Profile: Luminor Bank
129:Nils Melngailis (Chairman)
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27:Company based in Estonia
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560:www.baltictimes.com
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266:European Commission
217:, with branches in
171:Number of employees
127:Wojciech Sass (CEO)
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669:Banks of Lithuania
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589:. 1 January 2023.
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16:(Redirected from
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609:. Retrieved
607:. 2020-04-05
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539:. Retrieved
537:. 2022-09-01
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512:. 2019-09-30
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482:. 2018-09-13
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387:. 2019-01-22
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341:. 2019-01-02
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310:Banks portal
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144:Total assets
92:Headquarters
56:Branches of
53:Predecessors
201:Vilnius CBD
109:Area served
653:Categories
611:2024-03-15
565:2024-03-15
541:2024-03-15
516:2019-09-30
486:2019-02-06
421:2019-02-06
391:2019-02-06
345:2019-02-06
296:References
123:Key people
235:UniCredit
223:Lithuania
117:Lithuania
87:, Estonia
449:cite web
245:Overview
231:OTP Bank
165:(19.95%)
160:(80.05%)
134:Services
45:Industry
227:Baltics
215:Estonia
211:Tallinn
185:luminor
180:Website
113:Estonia
102:Estonia
97:Tallinn
85:Tallinn
77: (
69:Founded
48:Finance
18:Luminor
270:Nordea
251:Nordea
219:Latvia
115:Latvia
58:Nordea
583:(PDF)
154:Owner
455:link
272:and
253:and
233:and
221:and
79:2017
72:2017
60:and
605:ERR
509:LSM
479:ERR
385:BNS
380:ERR
338:ERR
274:DNB
255:DNB
187:.ee
163:DNB
83:in
62:DNB
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
